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...One analyst who covers BP said there had been a very different tone from the company during a capital markets day last October, when the oil group took investors on a field trip to the Permian basin in Texas...
Amid BHP approach for Anglo, prolific dealmaker says consolidation does not guarantee more production
...Exxon is buying Pioneer Natural Resources, the biggest producer in the Permian, for $60bn, while Chevron is paying $53bn for Hess, giving it access to the Guyana discovery as well as assets in the Bakken...
...In the past four months alone, Exxon has announced a $60bn deal for Pioneer Natural Resources, the biggest producer in the Permian; Occidental has agreed to snap up CrownRock for $12bn; and Diamondback announced...
...The US Federal Trade Commission made the allegations against Scott Sheffield, a towering figure in the US shale industry who until December served as chief executive of Pioneer Natural Resources....
...The Federal Trade Commission on Thursday alleged Scott Sheffield, the former head of Pioneer Natural Resources, had tried to co-ordinate production levels with the Opec cartel to “pad Pioneer’s bottom line...
...ExxonMobil agreed in October to buy Pioneer Natural Resources at an enterprise value of $64bn. Days later, Chevron struck a deal to purchase Hess at an EV of $60bn....
...On Monday, Diamondback Energy swooped in to buy Endeavor Energy Resources for $26bn, including debt....
...The other is the Permian Basin — the vast oilfield that stretches across west Texas and New Mexico — where production increases have slowed....
...US shale operator Permian Resources announced it will buy Earthstone Energy on Monday in an all-stock transaction valued at $4.5bn, including debt, as dealmaking picks up among upstream producers in search...
...Meanwhile, oil patch dealmaking is back in the spotlight here after Diamondback Energy came out on top in the race for Endeavor Energy Resources this week — snagging a $26bn deal for one of the last remaining...
Japanese company’s $14.9bn proposed purchase of US Steel sparked bipartisan political backlash
...“It’s death by 1,000 cuts,” says Steve Pruett, chief executive of Elevation Resources, sitting in his office in Midland, Texas....
...Biden “said he was going to end the oil and gas industry — he is doing that”, said Stephen Robertson, executive vice-president of the Permian Basin Petroleum Association....
...ExxonMobil announced a $60bn deal in October to buy Pioneer Natural Resources, the biggest participant in the Permian....
...Exxon’s deal with Pioneer, the Permian’s top producer, would put the combined group in the top spot....
...Occidental produced 968,000 barrels of oil equivalent a day in the Permian in August, according to consultancy Rystad Energy, leaving it second only to Pioneer....
...Producers such as CNX Resources, Range Resources and Gulfport may too have benefited from timely gas price hedging....
...After news of Exxon’s talks with Pioneer broke last week, shares in several Permian-focused companies such as Diamondback Energy, Permian Resources and Matador Resources Company jumped on speculation that...
...The deal will give the company a substantial position in the Permian basin, which straddles Texas and New Mexico....
...Jana Partners and the former head of shareholder activism at Engine No. 1 In the past month, two megadeals have been launched in the oil and gas industry: the announced acquisition of Pioneer Natural Resources...
...In the past decade Pioneer helped revive the moribund Permian Basin of Texas into a critical source of global energy supply....
...Mewbourne Oil, Endeavor Energy Resources and CrownRock are the biggest privately owned producers in the Permian Basin of Texas and New Mexico, the engine room of America’s oil industry....
...The US energy supermajor’s $59.5bn deal to acquire Pioneer Natural Resources will make it the dominant producer in the oil and gas-drenched Permian Basin of Texas and New Mexico....
...Exxon is in the process of closing a $60bn deal for Pioneer Natural Resources, the biggest producer in the Permian....
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